NASHVILLE, TN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $5 million Fannie Mae loan for the acquisition of Village West Apartments, a 288-unit multifamily affordable housing property located in Nashville, Tennessee.
The 10-year term, 30-year amortization, 1-year interest only loan was arranged by Dougherty’s Brentwood, Tennessee office, for borrower OP Village West Property, LLC. The pet-friendly property offers individual entries, easy access to Interstate 40, a convenience store on-site, as well as a playground, on-site laundry facility and picnic area with barbecue grills.
Dougherty Mortgage LLC is a full service mortgage banking firm, an approved FHA MAP and LEAN lender, as well as a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, offering a variety of loan products for the acquisition, refinance, construction or rehabilitation of various property types.
In addition, Dougherty Mortgage LLC provides loan servicing on their mortgages and is an approved Ginnie Mae seller/servicer, currently servicing in excess of $3.5 billion of loans. Based in Minneapolis, Dougherty Mortgage also has additional offices in California, Colorado, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymarkets.com.